A list of articles by Selby Associates:

Selby Associates, business brokers in NJ, define a common term:Book Value

The value of a business's asset as shown on the balance sheet. This value is the cost of the asset minus the depreciation of the asset. This shows the ultimate value of the asset as it compares to similar assets.

FAQ by businesses answered by one of our NJ business brokers:What happens if there is a bidding war?

A bidding war gives you negotiating strength that you don't have when you only have one interested buyer. You will need to evaluate each offer and determine which buyer is offering the best deal. You need to look at price and contract terms when choosing a buyer. When submitting your counter offers, let the potential buyers know there is competition to help you negotiate the best terms and price.